ED Raids Anil Ambani's Premises In Mumbai In Money Laundering Probe

Mumbai: The Enforcement Directorate (ED) on Thursday conducted searches at multiple premises linked to industrialist Anil Ambani in Mumbai. The raids, carried out by teams from Delhi and Mumbai, are reportedly part of a larger money laundering investigation. Sources suggest the action is connected to financial irregularities and offshore transactions flagged in earlier probes.

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In this regard, over 35 premises, 50 Companies and over 25 persons are covered in a search operation launched today by the ED under section 17 of the Prevention of Money Laundering Act: Official Sources

— ANI (@ANI) July 24, 2025

The ED has not issued an official statement yet, but officials confirmed the searches are ongoing. This development marks a significant escalation in the scrutiny of the businessman’s financial dealings and corporate entities under his control.

Preliminary investigation reveals alleged illegal loan diversion of around Rs. 3000 Crores from Yes Bank (period 2017 to 2019). ED has found that just before the loan was granted, the Yes Bank promoters allegedly received money in their accounts. ED is investigating this nexus of…

— ANI (@ANI) July 24, 2025

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According to the sources, ED conducting searches around 40 locations. The Enforcement Directorate (ED) raided multiple premises associated with Anil Ambani’s group companies in Mumbai as part of a widening money laundering investigation. While Ambani’s personal residence was not searched, ED teams from Delhi and Mumbai targeted offices of Reliance Anil Dhirubhai Ambani Group (RAAGA) companies, based on inputs from several agencies including SEBI, NHB, NFRA, Bank of Baroda, and two CBI FIRs. The ED serch operation is in connection with the Yes Bank loan fraud case. ED searches underway on premises linked to Anil Ambani in connection with Yes Bank loan fraud and other cases against the companies linked to Ambani. Raids underway across India mainly Mumbai and Delhi.

ED teams from Delhi and Mumbai targeted offices of Reliance Anil Dhirubhai Ambani Group (RAAGA) companies, based on inputs from several agencies including SEBI, NHB, NFRA, Bank of Baroda, and two CBI FIRs.

In this regard, over 35 premises, 50 Companies and over 25 persons are covered in a search operation launched today by the ED under section 17 of the Prevention of Money Laundering Act: Official Sources

— ANI (@ANI) July 24, 2025

The probe centers on the alleged illegal diversion of Rs 3,000 crore in loans from Yes Bank during 2017–2019. The ED claims that these funds were routed to entities linked with the bank’s promoters shortly before being disbursed to RAAGA firms. Notably, Reliance Home Finance Ltd (RHFL) is under the scanner after a sharp jump in loan disbursals from ₹3,742.6 crore in FY18 to ₹8,670.8 crore in FY19. A possible bribery link involving former Yes Bank executives is also being investigated.

ED officials believe the group engaged in a systematic plan to mislead investors, banks, and regulators, diverting public funds for unauthorized purposes. Several senior executives of the group are also being questioned.

This follows SBI’s move on June 13, 2025, to declare Anil Ambani and Reliance Communications (RCom) as ‘fraud’ under RBI guidelines. SBI reported the case to the RBI and is preparing to file a complaint with the CBI.

RCom, already under CIRP, owes SBI Rs 2,227.64 crore in principal and Rs 786.52 crore in guarantees. SBI has also initiated personal insolvency proceedings against Anil Ambani.